Moipone_Phakisi

Moipone_Phakisi

Although price is still creating Higher Highs which is indicative of the overall trend being bullish, it looks like we might be getting some nice pullbacks provided this current H4 Watchzone/Demand is broken. I hope you will be patient enough to wait for the break and pullback before shorting. Good luck :)

Moipone_Phakisi

I am learning not to oppose the trend. Confirmations on DXY are pointing towards a continuation to the downside. Apply correlation to the majors and enjoy the ride. All the best :)

Moipone_Phakisi

GU is looking bearish while DXY is looking bullish. Although this is only a pullback because the overall trend on GU is bullish, it is still worth trading with solid confirmations in place. Use good risk management but enjoy the ride. All the best :)

Moipone_Phakisi

The trend is indeed your friend! I am bullish on EU. Just waiting for a pullback and entry confirmation in a form of a bullish candlestick confirmation. But I am also keeping a close eye on DXY. Use good risk management. All the best.

Moipone_Phakisi

GU and EU are positively correlated and the same bearish confirmation for shorting has presented itself for a swing trade. Now all we need is high impact news to give price a boost! Always use your confirmations for entry to avoid drawdowns before price goes in your direction. Use good risk management. All the best and happy trading :)

Moipone_Phakisi

These are the sort of patterns and swing trades I always wait for. DXY is still correcting to the upside and therefore EURUSD will fall. Head and Shoulders Pattern neckline has been broken and retested. Enjoy the swing if you do decide to take it. Use good risk management. All the best :)

Moipone_Phakisi

I am still bearish on gold. Even if NY session pushes up price to supply we will see a fall as long as DXY continues to push up. All the best today. The market has been sluggish lately due to the bank holidays. Let's hope today it gives us something.

Moipone_Phakisi

Gold is positioned for shorting. on break and retest of that H1 demand that took price to H1 supply that broke the neckline of the Head and Shoulders pattern sell. US bank holiday today so not much liquidity in the market but we take what we can get. All the best. Good risk management is the make or break.

Moipone_Phakisi

AUDUSD and NZDUSD are positively correlated. It is therefore not surprising that they are showing the same bias. Confirmation for shorting is break and retest of H1 demand. All the best.

Moipone_Phakisi

AUDUSD is positioned for shorting. Confirmation for shorting is break and retest of bearish flag and H1 demand. Good luck and happy trading :)

Moipone_Phakisi

A break and retest of that bullish pattern will be confirmation for longs. First TP is in H4 watchzone/supply and if it breaks next stop will be in monthly supply. But I wonder if we wont see a correction to the downside first seeing that DXY is correcting to the upside... All the same, all the best if you take the long. Happy Trading :)

Moipone_Phakisi

GU has been doing well since the last analysis I posted. Now that there is a clear head and shoulders pattern I need a break and retest of neckline so I can enter more positions. Happy New Week. May it be a liquid and pipful one :) All the best.

Moipone_Phakisi

Price got rejected in daily supply and since then it has been creating lower highs - a characteristic of a downtrend. I would be very careful taking longs on GU in this region. Good luck!

Moipone_Phakisi

Price has now retested H1 demand and created a falling wedge. Waiting patiently for a break and retest of falling wedge. Remember to apply correlation. Happy Trading and Good Luck!

Moipone_Phakisi

DXY is still pulling back. Price has now broken neckline of inverse head and shoulders pattern. Apply correlation and use good risk management. All the best :)

Moipone_Phakisi

Gold is still in a downward correction for as long as that H1 supply that broke H1 demand stays in tact. If price gives us bullish confirmations we should not resist because the overall Gold is bullish. Good luck!

Moipone_Phakisi

Gold is not done correcting to the downside. If you are not in already wait for a break and retest of rising channel as shown. All the best :)

Moipone_Phakisi

Gold was rejected by a weekly supply zone yesterday. I am now bearish and my targets are in H4 demand zones as shown. However we still need a confirmation in the form of a break and retest - patience is key. Good risk management is recommended. All the best :)